Executive for GM’s Cruise expects consolidation of lidar-SPAC firms

The co-founder and president of Cruise, General Motors’ majority-owned autonomous vehicle subsidiary, is predicting a consolidation/collapse of the lidar industry, specifically regarding companies that have gone public or plan to do so through deals with blank check companies.

In a series of tweets earlier this week, Kyle Vogt, who also serves as Cruise’s chief technology officer, said recent valuations of companies that have cut deals to go public with…